Hey traders, here's one for next week. Looks as though we have a breakout commencing on KEY. I want to be long above 18.80 with a stop below 18.36. Cheers!
Looking very overbought here from this recent Trump Bump, looking to profit on the re-trace, if there is one. Opportunity is here, if it breaks out, could be a good long, if it reverses here, could make for a fantastic short.
ALL IN SHORTING KEYCORP Exhaustion Candle at the top Company is QUOTING 7 x Price To SALES¡ ABERRATION ENDS TODAY
GAP RETRACE UP TO 0.5 Fib Level 12.44 x 12.3 Target Fib 0.5 Level 12.88
A high volume break of recent previous pivot high at $14.80 (also see Aug and Mar 2014) suggests more potential upside. Price sits above all key moving averages and at a high not seen since 2007.
Strong bearish devergence.The chart is on the negative side of bands. The basis line of the bands can use like a stop line.
KEY @ Support line or is it inverted Head & Shoulder
...to those who wait for a retest of the breakout area. Note reversal candle on the daily 07/01. Breakout level should hold before committing long. Good luck!
price pulled back to a previous resistance area matched with around fibonacci area. Target is near-by resistance and exit is slightly below the 38% retracement level